Looking to diversify beyond PEO? The mutual funds below have historically moved differently from PEO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PEO
11 mutual funds have low correlation with PEO (below 0.3), 2 of which are negatively correlated. The least correlated is Adams Diversified Equity Fund, Inc. (ADX) (Large Cap Blend Equities) with a 1Y correlation of -0.09, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Adams Diversified Equity Fund, Inc. | -0.09 | 0.15 | 0.29 | 83 | Large Cap Blend Equities | PEO vs ADX | |
| Columbia Seligman Premium Technology Growth Fund | -0.06 | 0.10 | 0.20 | 88 | Technology Equities, Options Trading, Actively Managed | PEO vs STK | |
| abrdn Global Infrastructure Fund | 0.22 | 0.28 | 0.40 | 82 | Infrastructure Equities, Energy Equities | PEO vs AIFRX | |
| U.S. Global Investors Global Resources Fund | 0.24 | 0.40 | 0.56 | 53 | Energy Equities | PEO vs PSPFX | |
| JHancock Infrastructure Fund | 0.26 | 0.32 | 0.39 | 82 | Infrastructure Equities, Energy Equities | PEO vs JEEIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PEO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Seagate Technology plc (STX) (Technology) with a 1Y correlation of -0.03, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Seagate Technology plc | -0.03 | 0.08 | 0.21 | 99 | Technology | |
| Reaves Utility Income Trust | 0.07 | 0.20 | 0.28 | 55 | Financial Services |
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